Cosmo First Buyback vs Indian Energy Exchange Buyback

Comparision between Cosmo First Buyback and Indian Energy Exchange Buyback.

Buyback Details

Cosmo First Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Indian Energy Exchange Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

Cosmo First Limited

Indian Energy Exchange Ltd

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹1070 per share

₹200 per share

Issue Size

10,09,345 shares

Issue Size (Amount)

₹108.00 Crores

₹98.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	8 Equity Shares out of every 121 Fully paid-up Equity Shares held on the Record Date.	151,402.00
General Category for all other Eligible Shareholders	29 Equity Shares out of every 844 Fully paid-up Equity Shares held on the Record Date.	857,943.00

Registrar

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Anand Rathi Securities Limited

Iifl Securities Ltd

Necessity of the buyback

The buyback is being undertaken for the following reason:

The Buyback will improve financial ratios like earnings per share, return on capital employed and return on equity, calculated on the basis of financial statements, by reduction in the equity basis of the Company, thereby leading to long term increase in shareholders' value.

The Buyback will help in achieving an optimal capital structure.

The Buyback will help the Company to distribute surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing their overall return.

The Buyback is being undertaken for the following reasons:

The Buyback gives the Company an opportunity to distribute surplus cash to its shareholders.
The buyback may help in improving return on equity and other financial ratios, by a reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The buyback gives an option to the existing equity shareholders to participate in the Buyback and receive cash in lieu of equity shares.

Buyback Timetable

Cosmo First Buyback and Indian Energy Exchange Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cosmo First Buyback Buyback record date is Dec 14, 2022. Indian Energy Exchange Buyback Buyback record date is .

	Cosmo First Limited	Indian Energy Exchange Ltd
Record Date	Dec 14, 2022
Offer Open Date	Jan 27, 2023	Jan 11, 2023
Offer Closure Date	Feb 09, 2023	Mar 15, 2023
Last date for receipt of tender forms	Feb 09, 2023
Finalisation of buyback	Feb 17, 2023
Last Date for settlment of bids	Feb 20, 2023
Last Date for extinguishment of shares	Feb 27, 2023

Financial Details and Other Relevent Information

Comparison of Cosmo First Buyback and Indian Energy Exchange Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Cosmo First Limited

Indian Energy Exchange Ltd

Financial

Cosmo First Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2222.99	113.44	726.63	707.19	789.45
31-Mar-21	2322.92	136	841.19	823.02	760.29
31-Mar-22	3086.71	396.61	1175.43	1157.26	810.05
30-Sep-22	1638.91	166.53	1332.6	1305.34	839.16
Amount in ₹ Crore

Indian Energy Exchange Ltd Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	667.26	297.4	175.72	387.95
31-Mar-21	985.16	356.23	205.43	555.8
31-Mar-22	1696.19	484.4	308.64	703.41
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	814.20	657.95	738.71
Oct-2022	899.30	728.05	812.91
Sep-2022	929.90	837.05	880.26

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Dec-2022	152.30	129.25	143.39
Nov-2022	151.70	137.50	144.66
Oct-2022	146.95	133.95	139.78

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	815.00	658.10	738.94
Oct-2022	895.55	728.80	812.42
Sep-2022	925.00	837.00	880.57

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Dec-2022	152.40	129.25	143.88
Nov-2022	151.80	137.50	144.91
Oct-2022	146.95	133.85	140.16

Compare with others

Cosmo First Limited	Indian Energy Exchange Ltd
Hinduja Global Solutions Buyback	KAMA Holdings Buyback
One 97 Communications Buyback	Bajaj Consumer Care Buyback
KAMA Holdings Buyback	Freshtrop Fruits Buyback 2022
Bajaj Consumer Care Buyback	Cosmo First Buyback
Freshtrop Fruits Buyback 2022	Jenburkt Pharmaceuticals Buyback
Jenburkt Pharmaceuticals Buyback	Softsol India Buyback 2022
Indian Energy Exchange Buyback	Tips Industries Buyback 2022
Softsol India Buyback 2022	eClerx Services Buyback 2022
Tips Industries Buyback 2022	Technocraft Industries Buyback 2022
eClerx Services Buyback 2022	Triveni Engineering Buyback 2022

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